FDIC reports indicate a continued increase in small business bank account takeovers that result in illegal money transfers from bank accounts. The most common cause of small businesses being vulnerable is simply lack of knowledge about how these things can happen. Without knowing about the common ways that electronic thieves can gain access to your account they sometimes fall for tricks like fake emails requesting account information or imposter websites that scam you into thinking they can be trusted.
Small business owners are often surprised to learn that they are not covered by FDIC consumer protection laws that require banks to refund victims of electronic fraud. If you have not taken steps to protect your business it is very unlikely that your bank would refund money that was stolen from the business as a result of falling for commonly known digital tricks. Take steps today to begin learning about where your business, or indeed your personal accounts, might be at risk.
The FDIC is a good place to start. To read articles with lots of tips Click Here.
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